EconomyParamount and Oracle’s ties to Larry Ellison stir angst on Wall Street
As Paramount and Oracle join corporate America’s ranks of biggest borrowers, their shared links to billionaire Larry Ellison are beginning to cause concern on Wall Street.
chief technology officer
American internet entrepreneur and businessman (born 1944)
| Born | 1944-08-17 · New York City |
|---|---|
| Education | University of Illinois Urbana-Champaign (dropped out) University of Chicago (dropped out, dropped out, see the help page) |
Portrait: Oracle PR Hartmann Studios · CC BY 2.0 · Wikimedia Commons
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As Paramount and Oracle join corporate America’s ranks of biggest borrowers, their shared links to billionaire Larry Ellison are beginning to cause concern on Wall Street.
Oracle said on Saturday that Executive Chairman Larry Ellison had canceled plans to sell 50 million shares of the company’s stock.
Oracle founder Larry Ellison has canceled a plan to sell as much as $7.5 billion worth of shares in the software company.
Oracle founder Larry Ellison plans to sell as many as 50mn shares. The company reported higher data-centre revenue, while investors worry it has committed too heavily to artificial intelligence.